Afonso Reis e Sousa has started his new role as chief financial officer at international oil and gas service provider Petrofac.

Reis e Sousa joined Petrofac in 2012 as group head of structured finance, and went on to hold positions including group treasurer, head of tax and group head of enterprise risk. He spent the early part of his career in investment banking, focusing on the energy and infrastructure sectors.

He takes over the CFO role from Alastair Cochran.

Sami Iskander, group CEO, said: “I would like to thank Alastair for his tremendous contribution and personal commitment over the last five years, together with his support in recent months since my appointment as CEO.

“I am also delighted to have such an excellent successor and partner in Afonso, who knows the business extremely well, has been a key member of our finance leadership team, and provides continuity at an important time as we rebalance, reshape and rebuild the business. I look forward to working with him in the years ahead.”